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Please help! thank you! (Future value) Selma and Patty Bouvier are twins, and both work at the Springfield DMV. They decide to save for retirement,
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(Future value) Selma and Patty Bouvier are twins, and both work at the Springfield DMV. They decide to save for retirement, which is 35 years away. Theyil both receive an annual return of 8 percent on their investment over the next 35 years. Seima invests $2,500 per year at the end of each year only for the first 10 years of the 35-year period-for a total of $25,000 saved. Patty doesn't start saving for 10 years and then saves \$2,500 per year at the end of each year for the remaining 25 yoars-for a total of $62,500 saved. How much will each of them have when they retire? a. Selma invests $2,500 per year at the end of each year only for the first 10 years of the 35 -year period. How much will Selma have 10 years from now? (Round to the nearest cent.) thank you!
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